Chapter 7 or Chapter 13 bankruptcy?
The first question I am asked by a potential South Carolina bankruptcy client is which chapter is best for them – Chapter 7 or Chapter 13 bankruptcy. Often, a potential client has done some preliminary research on the internet or they have some friends and family that have filed for bankruptcy before. While this […]
Can medical bills be wiped out in bankruptcy?
Medical debt is becoming a nationwide problem. Almost everyone at some time or another has incurred a significant medical bill. In fact, Harvard University did a study where they concluded that over 50% of Americans who file for bankruptcy have significant medical debts. Fortunately, bankruptcy can wipe out or “discharge” all medical bills. Chapter […]
Can I file for bankruptcy even if current on credit card bills
A significant number of my potential bankruptcy clients are current on their credit card payments. I am often asked by my potential clients if they can file for chapter 7 bankruptcy protection even though they are current on their credit card bills. The answer is Yes. Actually it is better to file when you […]
Chapter 13 bankruptcy benefits
Chapter 13 Bankruptcy can be a very powerful tool to help a debtor save his or her assets while at the same time allowing a feasible plan to deal with the debtor’s debts. Below are some of the top tools a Chapter 13 bankruptcy offers. 1. You can protect non-exempt assets. Huh? what does […]
Chapter 13 bankruptcy in SC
One of the toughest decisions a debtor is forced to make is rather to file a Chapter 13 or Chapter 7 bankruptcy. While there are many benefits to a Chapter 7 bankruptcy, this blog explores the benefits to filing a Chapter 13 bankruptcy in South Carolina districts. 1. You do not loose your assets. In […]
Credit card debt reduction tips
Most of us have some sort of credit card debt. Here are some good ideas on how to keep your credit card balances low: 1. Dining out. Credit card debt experts warn that dining charges are one of the largest charges credit card users charge on a monthly basis. Simply cutting dining out or being […]
Reasons people file bankruptcy
I have been helping consumers file either Chapter 7 or Chapter 13 bankruptcy since 2000 all over South Carolina. During this almost 20 year span, I often see the same issues or mistakes that lead to bankruptcy. Here are the top mistakes I see in no particular order: 1. No rainy day fund. People who […]
New Bankruptcy Attorney
Stone Law Firm is excited to announce that Vaughan Perry has passed the SC Bar Exam and will be a new associate with our firm. Vaughan will handling bankruptcy clients for the Columbia and Greenville, SC markets. Vaughan has worked with our firm for over two years as a clerk. He is a graduate of […]
COVID-19 AND FREE CONSULTATIONS
Stone Law Firm is pleased to announce that during the duration of the the virus pandemic, we will offer free Chapter 7 and Chapter 13 bankruptcy telephonic and zoom video consultations. This will allow potential clients to save their homes and cars from foreclosure and repossession in the comforts of their own home. Some of […]
Chapter 13 Plan Changes in South Carolina
This year (2019) has been an exciting year in Chapter 13 bankruptcy cases for South Carolina. Cases in the Columbia area are using a new plan form that allows for the whole mortgage payment and the arrears to be paid through the Chapter 13 Plan payment. In prior years, the Chapter 13 Plan payment only […]